A fidelity bond is a form of protection that covers
policyholders for losses that they incur as a result of
fraudulent acts by specified individuals. It usually insures
a business for losses caused by the dishonest acts of its
employees.
While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies. These insurance policies protect from losses of company monies, securities, and other property from employees who have a manifest intent to cause the company loss. There are also many other forms of crime-insurance policies (burglary, fire, general theft, computer theft, disappearance, fraud, forgery, etc.) to protect company assets.